ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION

🌳Matureactive
00480523 · private-limited-guarant-nsc · incorporated 1950-04-01
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
63/100
Worth a look
🔔
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What this business does
Primary activity: Artistic creation
Sector: Arts, entertainment & recreation
ALSO REGISTERED FOR
  • 90040Operation of arts facilities
  • 91030Operation of historical sites and buildings and similar visitor attractions
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 37/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (45/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

20 live charges · 13 lenders · oldest 65.1y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 65.1 years old — likely at or near maturity.
  • · 13 lenders named — inter-creditor friction likely.
  • · Legal-friction score 63/100 (high).

Data confidence

Overall: low (50/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
20 charges (20/20 with lender, 20/20 with type)
90
Directors & officers
100 officers (19 active, 100 linked, 87 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
5 connected companies via shared directors
60
Filing history
428 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
  • 3 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (225 events)Click to expand
  1. 2026-01-27
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  2. 2026-01-27
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  3. 2026-01-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2026-01-01
    HYTNER, Nicholas Robert, Sir appointed
    director
  5. 2025-10-30
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2025-10-30
    📄
    memorandum-articles
    incorporation · MA
  7. 2025-09-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2025-09-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-09-01
    BULL, Deborah, Baroness appointed
    director
  10. 2025-08-31
    HOYLE, Susan Linda resigned
    director
  11. 2025-08-05
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2025-07-31
    📄
    memorandum-articles
    incorporation · MA
  13. 2025-05-30
    📄
    accounts-with-accounts-type-group
    accounts · AA
  14. 2024-12-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2024-12-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2024-12-10
    GOLANT, Farah Ramzan appointed
    director
  17. 2024-12-10
    MCCALL, Carolyn Julia, Dame appointed
    director
  18. 2024-10-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2024-10-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2024-10-08
    STANTON, Alan William appointed
    director
  21. 2024-10-08
    SUMMERS, Alistair Gerald appointed
    director
  22. 2024-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2024-09-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2024-09-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2024-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2024-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2024-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  28. 2024-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  29. 2024-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  30. 2024-09-01
    ISON, Daniel Alexander appointed
    director
  31. 2024-09-01
    LUCAS, Stephen appointed
    director
  32. 2024-08-25
    COOPER, Kirstine Ann resigned
    director
  33. 2024-08-25
    MORRELL, Paul Dring resigned
    director
  34. 2024-08-25
    RUBASINGHAM, Indhu resigned
    director
  35. 2024-06-03
    📄
    accounts-with-accounts-type-group
    accounts · AA
  36. 2024-05-21
    STREETEN, Joanna appointed
    director
  37. 2024-03-21
    KINGORI, Vanessa resigned
    director
  38. 2023-12-07
    FREISE, Philipp Roland appointed
    director
  39. 2022-10-05
    BURGER, Lisa Jane appointed
    director
  40. 2022-10-05
    SUSSKIND, Janis Elizabeth appointed
    director
  41. 2022-10-05
    YOUNGER, Alex, Sir appointed
    director
  42. 2022-10-05
    KINGORI, Vanessa appointed
    director
  43. 2022-09-01
    DUFFIELD, Vivien Louise, Dame resigned
    director
  44. 2022-08-28
    HEYWOOD, Suzanne Elizabeth, Lady resigned
    director
  45. 2022-08-28
    METHERELL, Julian resigned
    director
  46. 2022-08-28
    ROBEY, Simon Christopher Townsend, Sir resigned
    director
  47. 2021-12-14
    BRITTON, Caroline Louise appointed
    director
  48. 2021-09-01
    DAVIES, Genevieve Rachel, Dr resigned
    director
  49. 2021-09-01
    HYTNER, Nicholas Robert, Sir resigned
    director
  50. 2021-09-01
    KINGMAN, John resigned
    director
Showing most recent 50 of 225 events

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -18 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.

Red flags

1 high · 1 med · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-05-31

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeprivate-limited-guarant-nsc
Incorporated1950-04-01
Jurisdictionengland-wales
Primary SIC90030 — Artistic creation

Registered office

Royal Opera House
Covent Garden
London
WC2E 9DD

Filing status

Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-01-31
Last: 2026-01-17

Officers (19 active · 93 resigned)

HURST, Leah
secretary · appointed 2019-10-08
View their other companies + combined net worth →
Active
BADAWI-MALIK, Zeinab Mohammed-Khair
director · ~67y · appointed 2019-10-08
View their other companies + combined net worth →
Active
BRITTON, Caroline Louise
director · ~61y · appointed 2021-12-14
View their other companies + combined net worth →
Active
BROWNE OF MADINGLEY, John, Lord
director · ~78y · appointed 2020-09-01
View their other companies + combined net worth →
Active
BULL, Deborah, Baroness
director · ~63y · appointed 2025-09-01
View their other companies + combined net worth →
Active
BUNTING, Timothy Brian
director · ~63y · appointed 2017-10-03
View their other companies + combined net worth →
Active
BURGER, Lisa Jane
director · ~64y · appointed 2022-10-05
View their other companies + combined net worth →
Active
DORFMAN, Lloyd Marshall
director · ~74y · appointed 2015-02-10
View their other companies + combined net worth →
Active
FREISE, Philipp Roland
director · ~53y · appointed 2023-12-07
View their other companies + combined net worth →
Active
GOLANT, Farah Ramzan
director · ~62y · appointed 2024-12-10
View their other companies + combined net worth →
Active
HYTNER, Nicholas Robert, Sir
director · ~70y · appointed 2026-01-01
View their other companies + combined net worth →
Active
ISON, Daniel Alexander
director · ~49y · appointed 2024-09-01
View their other companies + combined net worth →
Active
LUCAS, Stephen
director · ~58y · appointed 2024-09-01
View their other companies + combined net worth →
Active
MCCALL, Carolyn Julia, Dame
director · ~65y · appointed 2024-12-10
View their other companies + combined net worth →
Active
STANTON, Alan William
director · ~82y · appointed 2024-10-08
View their other companies + combined net worth →
Active
STREETEN, Joanna
director · ~59y · appointed 2024-05-21
View their other companies + combined net worth →
Active
SUMMERS, Alistair Gerald
director · ~61y · appointed 2024-10-08
View their other companies + combined net worth →
Active
SUSSKIND, Janis Elizabeth
director · ~74y · appointed 2022-10-05
View their other companies + combined net worth →
Active
YOUNGER, Alex, Sir
director · ~63y · appointed 2022-10-05
View their other companies + combined net worth →
Active
BURGER, Lisa
secretary · appointed 1996-06-24 · resigned 1997-06-30
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

20
Total charges
5
Outstanding
5
Active lenders
Status:Lender:20 of 20 shown
TypeProperties
outstanding
Thurrock Borough Council
A registered charge1 property20/05/2015
outstanding
The Arts Council of England
A registered charge1 property05/07/2013
outstanding
Roh Pension Trustee as Trustee of the Royal Opera House Pension Scheme
Roh Pension Trustee Limited as Trustee of the Royal Opera House Pension Scheme
A registered charge2 properties05/07/2013
satisfied
Roh Pension Trustee
Roh Pension Trustee Limited
Legal charge2 properties10/05/201122/08/2013
outstanding
Arts Council England
Fixed security deed1 property01/06/2010
outstanding
East of England Development Agency
Fixed security deed1 property01/06/2010
satisfied
NatWest Group
Coutts & Company
Third party charge of deposit1 property24/05/200718/08/2012
satisfied
Aib Group (UK) P.L.C.
Legal mortgage2 properties29/06/200518/08/2012
satisfied
Lombard North Central (As Security Agent for the Secured Parties)
Lombard North Central PLC (As Security Agent for the Secured Parties)
Legal charge1 property06/03/199510/01/2006
satisfied
Lombard North Central (As Security Agent for the Secured Parties)
Lombard North Central PLC (As Security Agent for the Secured Parties)
Legal charge1 property06/03/199510/01/2006
satisfied
Lombard North Central (As Security Agent for the Secured Parties)
Lombard North Central PLC (As Security Agent for the Secured Parties)
Floating charge over stock1 property06/03/199510/01/2006
satisfied
William Michael Pybus / Judith Susan Portrait.
Legal charge4 properties28/09/199331/12/2002
satisfied
Trustees of the Clore Foundation
Legal mortgage1 property28/09/199331/12/2002
satisfied
NatWest Group
Coutts & Co.
Legal mortgage1 property13/12/199131/12/2002
satisfied
William Michael Pybus and Judith Susan Portrait
Legal charge1 property13/12/199131/12/2002
satisfied
NatWest Group
Coutts & Co.
Legal mortgage1 property30/03/198931/12/2002
satisfied
NatWest Group
Coutts & Co.
Legal mortgage2 properties20/10/198831/12/2002
satisfied
NatWest Group
Coutts & Co.
Legal mortgage1 property23/12/198631/12/2002
satisfied
NatWest Group
Coutts & Co.
Mortgage3 properties11/04/198320/04/1989
satisfied
NatWest Group
Coutts & Co.
Equitable charge1 property25/04/196131/12/2002
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (428 total)

replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-27
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-01-27
appoint-person-director-company-with-name-date
officers · AP01
2026-01-06
resolution
resolution · RESOLUTIONS
2025-10-30
memorandum-articles
incorporation · MA
2025-10-30
appoint-person-director-company-with-name-date
officers · AP01
2025-09-11
termination-director-company-with-name-termination-date
officers · TM01
2025-09-10
resolution
resolution · RESOLUTIONS
2025-08-05
memorandum-articles
incorporation · MA
2025-07-31
accounts-with-accounts-type-group
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-21
appoint-person-director-company-with-name-date
officers · AP01
2024-12-13
appoint-person-director-company-with-name-date
officers · AP01
2024-12-11
appoint-person-director-company-with-name-date
officers · AP01
2024-10-17